December 22, 2024 07:11 AM

Business Travel Expenses Hurt? Check Out 5 Cool Ways To Slash Them

As important the business, so are its meetings and deals abroad. However technology has evolved in helping us, we still believe to meet people face to face while doing business. Business trvel is very essential but sometimes it is unplanned or planned at the last moment. A well planned business will have some scheduled business trips. You can plan your means of travel and costs.

According to Travel Leaders Corporate's data, international trip costs have ended their long and steep decline, with a modest average price increase in the first quarter, even though average days per trip held steady. The average international airfare cost increased nearly 3% to an average of $1,565.68, which is still the second lowest quarter of the last four years.

There are few smart ways to cut down the business travel expenses.

1. Advance Booking

Try to book your tickets in advance, though business travel is not planned sometimes, you can try to plan it. According to concur.com, if you plan your ticket eight days back you save an averae of $148 per ticket.

2. Offers and Rewards

if you are a frequent traveler, then you can seek the reward programs that airlines and hotels offer. According to CNBC, Flyertalk.com helps business travelers examine their options, and AwardWallet.com helps them track and boost rewards.

3. Add-on Fees

The average ticket price in 2015 was $5 less than 2011. But incremental fees, like seat upgrades, checked luggage fees and in-flight meals are highly increasing. Check out for such add-on fees and reduce them.

4. Seek Alternatives

If it's an emergency business travel need then book a ticket from a mid-sized regional airport than rushing to an international one. It's obvious that international airports will cost you extra for the luxury and comfort they provide.

5. Check the Schedule

Have you checked your business plan for the upcoming year? Have you planned it well? Plan your business trips as uch as possible. Check that they don't fall in summer when the travel expenses are high. Schedule your business trips now.

Tags
Business, Travel
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